Advantage Gold Review: Is It a Legit Company?
Advantage Gold is an investment firm that specializes in precious metals. It’s a great option for first-time buyers because their staff is knowledgeable and can help provide education and resources to get you started on the right track.
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Pros & Cons
Like with anything, there are pros and cons, and Advantage Gold is no different. Here’s a summary of the benefits and drawbacks of setting up an investment retirement account with Advantage Gold.
Pros
Cons
Are you thinking about your retirement fund and don’t know where to start?
Sometimes, when planning for your retirement, it can feel like you need a degree in finance to feel confident about where you invest your money. While retirement may seem like a long time away, the decisions you make now can help or hinder your investments.
Many companies are no longer offering company pensions, so it’s up to you to prepare for your retirement based on the life you want to live after you retire.
There are so many options out there, some of them riskier than others. You have to decide what level of risk you are willing to take and what that looks like for you. If you’re unsure about your finances, it’s always best to get advice from a professional.
If you’re considering making investments and want to try something different from your typical mutual funds, you may want to give precious metals a thought. There are rules, and the IRS has a list of approved ways to invest in precious metals.
You’ll definitely want the expertise of someone who knows about precious metals if this is the path you choose to take.
QUICK SUMMARY
Account Minimum: $25,000
Fees: $225/yr
Promotion: Invest $50,000 (waives all fees for the first year )
About Advantage Gold
Advantage Gold is an investment firm that specializes in precious metals. You can set up an investment retirement account; invest in stocks, exchange-traded funds (EFT), and IRS-approved coins.
As mentioned above, this company is relatively new since it started in 2014. They pride themselves on educating the investor, so they feel good about their investment decisions.
Services
Gold Investment Retirement Account
Advantage Gold offers investment retirement accounts where you can invest in gold stocks, EFTs, and approved gold coins.
IRS Approved Precious Metals
In addition to the gold stocks, EFTs, and gold coins, Advantage Gold also provides investment opportunities in the following:
Advantage Gold offers storage and delivery services. You can pay a fee to have Advantage Gold keep your coins for you, or you can pay to have them delivered to you.
Fees & Investment Minimum
The good news is that there are no minimum investment requirements with Advantage Gold.
If you decide to invest $50,000 or more, Advantage Gold waives the first year’s fees. If you’re not ready for that level of investment, the initial setup fee is $50.
The annual administration fee can range from $50 to $100, and the yearly storage fees can range from $95 to $250.
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Who is Advantage Gold Best for?
Advantage Gold might be the best gold IRA company for first-time buyers.
The reasons for this include the knowledgeable staff and the education they offer clients. The best thing about Advantage Gold is that they are providing education on precious metal investing so that buyers understand the market before they start, avoiding wasted time and money.
Whether you’re new to precious metal investing or not, Advantage Gold may be appealing to you.
Compare to Other Companies
Reviews & 3rd Party Ratings
While there’s a lot online about the relative newness of Advantage Gold, they seem to have figured out how to run a business pretty quickly.
There are lots of rave reviews, and the rankings by third-party organizations show that clients of Advantage Gold are happy with the service they got.
Advantage Gold has been the number one Trusted Gold investment retirement company with TrustLink for the last five years in a row.
They also have a five-star rating with Consumer Affairs based on 31 reviews submitted in the past year.
Advantage Gold also has a five-star rating with TrustPilot, coming from 1,003 reviews.
The Better Business Bureau rates Advantage Gold an A+, which means that they scored a 97 or higher in their rating points.
The reviews on Advantage Gold’s website sing very high praises about the knowledgeable staff. These reviews are good to know, especially if you’re new to precious metal investing.
Current Promotions
Advantage Gold has ongoing promotions, including a free copy of James Rickard’s book The New Case for Gold. If you’re not planning to invest $25,000 or more, the book is where your promotions with Advantage Gold ends.
For investors looking to invest $25,000 or more, there are more promotions available.
When you invest $25,000 or more and want to have physical ownership of the precious metals you invested in, Advantage Gold offers free rapid delivery. Advantage Gold waives the fees when you invest $50,000 or more.
How to Open an Account
Believe it or not, it only takes six steps to open an account with Advantage Gold. Remember, we promised that there wouldn’t be much complicated paperwork to go through to get you started!
1. Visit the Advantage Gold website and sign up for a self-directed investment retirement account.
2. Fill in the required details on the Client and Shipping agreement forms and sign them.
3. Upload a copy of your most recent retirement account statement, and submit it.
4. Once your application is received, an investment professional will review your request and contact you to review your application and discuss the available options.
5. Advantage Gold will speak with your current investment company or custodian so that they can process the IRA rollover or the transfer on your behalf.
6. Your self-directed IRA account will be set up and funded through Advantage Gold.
Final Verdict
If you’re looking to diversify your investments, setting up an investment retirement account with Advantage Gold is a step in the right direction. Whether you’re an experienced investor or dipping your toes in the precious metals investment world, you’re in good hands!
With their professional staff and the resources they provide you with, you can make decisions about your investments confidently.
For those still unsure if investing in precious metals is the right move, you should speak to a trusted financial advisor to get a better feeling for whether or not investing in precious metals is a good move for your retirement fund.
If you think that investing in precious metals is the direction you want to pursue, give Advantage Gold a call and speak to one of their knowledgeable IRA experts.
If you have questions, chances are pretty good they have answers.
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Summary
This is a detailed review of Advantage Gold that includes the companies fees, services, pros and cons, and overall recommendation.